Google, which is associated with online search, has started the facility to provide information to merchants through Soundbox for payments on its Google Pay app in India. This is similar to the payment sound alerts that merchants receive on Paytm and PhonePe. The Google Pay device has in-built speakers and an LCD display. It supports…
The revenue of One97 Communications, the company of Paytm, which provides payment services app, increased by 42 percent in the last quarter to about Rs 2,062 crore. This is an increase of about eight percent on a quarterly basis. The company says that a major reason behind this is the increase in the number of…
Total gross merchandise value (GMV) at payments and financial services firm Paytm grew 35 per cent year-on-year to about Rs 2.65 lakh crore in April and May. Paytm’s average monthly transacting users (MTU) also increased by 24 percent to 9.2 crore in the last two months. in the last few years Paytm Has increased its…
Digital payment service Unified Payments Interface (UPI) is being expanded rapidly abroad. This QR based service has been launched in the United Arab Emirates (UAE). For this, NPCI International Payments Limited (NIPL) has tied up with Network International. Through Network International’s more than two lakh point-of-sale (POS) terminals in the UAE UPI Payments can be…
The trial of the country’s digital rupee or e-rupee is progressing rapidly. 50 lakh users have joined it. The trial of digital rupee is being done in collaboration with 16 banks. This Central Bank Digital Currency (CBDC) was launched in December 2022. CBDC is also being trialled in some other countries. Reserve Bank of India…
